Housing values have been falling consistently since July last year, with larger declines evident for house values, which are down 7.6% compared with a 2.6% fall in unit values.

As the market slows, buyer activity has reduced by 18.5% over the past twelve months.

With advertised stock levels 22% higher than a year ago and fewer buyers, the average selling time across Sydney has risen to 52 days compared with 37 days a year ago and auction clearance rates are consistently tracking around the hihgh 40% to low 50% range.

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Metropole is Australia's leading firm of property strategists who give home buyers and investors independent and unbiased property advice. We are fully licensed buyers advocates (buyers agents) in Melbourne, Sydney, Brisbane and Perth and help our clients research, locate and negotiate the purchase of their home or investment property, whether it be at auction or private sale. Metropole Property Management helps investors maximize their investment returns through property investment management and Metropole Finance helps clients through the finance maze. Our property development and renovations division helps property investors increase their investment returns.